The Saudi Public Investment Fund (PIF) achieved remarkable growth in 2024, with its domestic and international assets experiencing a 37% annual increase by the end of the third quarter (Q3). The total asset value reached SR160.087 billion ($42.6 billion), up from SR117.117 billion ($31.2 billion) during the same period in 2023, reflecting a rise of nearly SR43 billion ($11.4 billion).

On a quarterly basis, PIF assets grew by 10.4%, adding approximately SR15.120 billion ($4 billion) compared to SR144.967 billion ($38.6 billion) at the end of the second quarter (Q2), according to the Capital Market Authority's 2024 statistical bulletin.

The number of subscribers increased by 51%, rising from 1,042,484 in Q3 2023 to 1,570,452 by the end of Q3 2024, adding nearly 528,000 new participants.

• Domestic Investments: Domestic assets grew by 42%, adding SR39.598 billion ($10.5 billion) to reach SR134.431 billion ($35.8 billion), accounting for 84% of the total asset value.
• Foreign Investments: Foreign assets saw a 15.1% rise, increasing by more than SR3 billion ($798.5 million) to SR25.656 billion ($6.8 billion), representing 16% of the total asset value.

The number of public investment funds increased by 10% year-on-year, with 27 new funds added, bringing the total to 310 funds by Q3 2024.

PIF assets were allocated across 14 investment categories. The top contributors include:

• Money Market Funds: SR44.868 billion ($11.9 billion), representing 28% of total assets.
• Equity Funds: SR34.767 billion ($9.3 billion), accounting for 27.3%.
• Real Estate Investment Funds: SR29.263 billion ($7.8 billion), making up 18.3%.
• Debt Instrument Funds: SR22.236 billion ($5.9 billion), representing 14%.

This robust growth underscores the continued strength and diversification of Saudi Arabia’s public investment strategy.